Comcast Corp. is buying control of NBC Universal from GE largely because Comcast wants to own more movies and TV shows. The point is to give it a position of strength if fewer people sign up for its cable TV services and watch more video online.
What Comcast's deal to buy control of NBC Universal means: -- The nation's largest cable TV operator would gain control of the NBC and Telemundo broadcast networks; 26 local TV stations; an array of popular cable channels including CNBC, Bravo and Oxygen; the Universal Pictures movie studio and theme parks; and a stake in Hulu, which distributes free television programming online.
A late-day slide has pulled stocks lower ahead of the government's report on November unemployment. Stocks began falling in the final half-hour of trading and the drop intensified in the final 20 minutes.
BARRINGTON, Ill.----GE’s Centricity Perioperative Anesthesia has been recognized as the top anesthesia information management solution in a special report from KLAS, an industry analyst firm .
General Electric's deal to sell off NBC Universal is part of its strategy to trim down to its core infrastructure business. The last conglomerate may be a conglomerate no more.
Wall Street seeks direction. Weekly jobless claims slip ahead of Friday's monthly report. BofA plans to give back $45 billion in federal bailout funds.
Hulu and its broadcast TV owners have been pretty clear about their interest in creating a premium/subscription offering for the free site. Does Comcast want to change that? I don't think so, despite words to the contrary this morning.
Although history suggests Comcast will win approval to buy a majority stake in NBC Universal, the process is certain to be lengthy and regulators are likely to attach conditions to protect consumers.
Comcast Corp. announced Thursday it plans to buy a majority stake in NBC Universal for $13.75 billion, giving the nation's largest cable TV operator control of the Peacock network, an array of cable channels and a major movie studio.
US stocks edged higher on Thursday after encouraging jobs data overshadowed steep sales declines among retailers. The number of Americans filing fresh claims for unemployment benefits unexpectedly dropped last week to 457,000, its lowest level since September 2008.
MSNBC's Chris Matthews apologized on Wednesday for saying that President Barack Obama had traveled to an "enemy camp" at West Point to address the nation on the war in Afghanistan.
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